ZCash has found the support at 76.4% Fibs that is btc 0.0265. From that point the uptrend has started and price reached btc 0.035 while breaking above the 200 Moving Average. On a corrective wave down, ZEC/BTC rejected the uptrend trendline followed by an explosive growth.
This time ZEC has reached the high at btc 0.045 and it seems that the uptrend is likely to continue as there are no signals at this point of a trend reversal. The next strong resistance is seen at 76.4% Fibs that is btc 0.05, that could be reached in a very short period of time.
But on a downside, the correction down is possible, down to the btc 0.036, where previously support was formed. Only break and close that support could invalidate bullish outlook and send price down to btc 0.026.
This time ZEC has reached the high at btc 0.045 and it seems that the uptrend is likely to continue as there are no signals at this point of a trend reversal. The next strong resistance is seen at 76.4% Fibs that is btc 0.05, that could be reached in a very short period of time.
But on a downside, the correction down is possible, down to the btc 0.036, where previously support was formed. Only break and close that support could invalidate bullish outlook and send price down to btc 0.026.
Note
ZCash at the support
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.